Norges Bank Invests $60.17 Million in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Norges Bank purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,126,098 shares of the financial services provider's stock, valued at approximately $60,169,000. Norges Bank owned 1.07% of Home Bancshares, Inc. (Conway, AR) as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider's stock worth $1,979,000 after buying an additional 374 shares during the period. Everhart Financial Group Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.1% during the 4th quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider's stock valued at $568,000 after acquiring an additional 409 shares in the last quarter. Pacer Advisors Inc. boosted its position in Home Bancshares, Inc. (Conway, AR) by 2.0% during the 4th quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider's stock worth $783,000 after purchasing an additional 540 shares during the period. Sunbelt Securities Inc. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 5.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,854 shares of the financial services provider's stock valued at $294,000 after purchasing an additional 554 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Home Bancshares, Inc. (Conway, AR) by 2.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,585 shares of the financial services provider's stock valued at $894,000 after purchasing an additional 748 shares during the period. Institutional investors and hedge funds own 67.31% of the company's stock.

Remove Ads

Home Bancshares, Inc. (Conway, AR) Stock Performance

Shares of HOMB stock traded down $0.16 on Tuesday, hitting $24.96. 1,389,476 shares of the stock traded hands, compared to its average volume of 1,013,373. The company's fifty day moving average is $28.88 and its 200 day moving average is $28.85. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.91. The company has a market capitalization of $4.96 billion, a PE ratio of 12.36 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. During the same period last year, the company posted $0.43 earnings per share. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home Bancshares, Inc. (Conway, AR) Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 3.13%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 38.61%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HOMB shares. StockNews.com downgraded Home Bancshares, Inc. (Conway, AR) from a "hold" rating to a "sell" rating in a research report on Friday. Stephens restated an "overweight" rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Finally, Hovde Group reduced their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of "Hold" and a consensus price target of $32.00.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, CEO John W. Allison purchased 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Tuesday, January 21st. The stock was bought at an average price of $30.76 per share, with a total value of $307,600.00. Following the completion of the acquisition, the chief executive officer now owns 5,693,182 shares in the company, valued at $175,122,278.32. The trade was a 0.18 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.30% of the stock is currently owned by insiders.

Home Bancshares, Inc. (Conway, AR) Profile

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.